SYM FINANCIAL Corp Acquires Shares of 14,869 The Wendy’s Company $WEN

SYM FINANCIAL Corp acquired a new stake in The Wendy’s Company (NASDAQ:WEN) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 14,869 shares of the restaurant operator’s stock, valued at approximately $170,000.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of Wendy’s by 7,180.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 3,375 shares during the last quarter. Signaturefd LLC raised its stake in shares of Wendy’s by 25.2% in the second quarter. Signaturefd LLC now owns 5,336 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 1,074 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Wendy’s by 91.0% in the first quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 2,033 shares during the last quarter. Covestor Ltd raised its stake in shares of Wendy’s by 25.8% in the first quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator’s stock worth $74,000 after acquiring an additional 1,038 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Wendy’s by 356.9% in the second quarter. Parallel Advisors LLC now owns 7,246 shares of the restaurant operator’s stock worth $83,000 after acquiring an additional 5,660 shares during the last quarter. 85.96% of the stock is owned by institutional investors.

Wendy’s Trading Down 2.2%

NASDAQ WEN opened at $8.73 on Wednesday. The stock has a 50-day simple moving average of $9.54 and a 200 day simple moving average of $10.80. The company has a market capitalization of $1.66 billion, a PE ratio of 9.09, a P/E/G ratio of 1.69 and a beta of 0.38. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The Wendy’s Company has a 12 month low of $8.55 and a 12 month high of $20.60.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $560.93 million during the quarter, compared to analysts’ expectations of $558.95 million. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%.Wendy’s’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. Research analysts forecast that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.14 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.56 annualized dividend and a yield of 6.4%. Wendy’s’s dividend payout ratio (DPR) is 58.33%.

Analyst Upgrades and Downgrades

WEN has been the subject of several research analyst reports. Jefferies Financial Group dropped their price objective on shares of Wendy’s from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Cowen restated a “hold” rating on shares of Wendy’s in a research report on Friday, August 8th. Bank of America dropped their target price on Wendy’s from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Loop Capital dropped their target price on Wendy’s from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Finally, BTIG Research reissued a “neutral” rating on shares of Wendy’s in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Wendy’s has a consensus rating of “Hold” and a consensus price target of $11.45.

About Wendy’s

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.